How to Earn Polygon (MATIC): A Comprehensive Guide for Australians

Introduction

Lending Polygon can be a great option for those who want to hold MATIC while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Polygon (MATIC) tokens
To lend Polygon, you need to possess it. To acquire Polygon, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Binance Polygon (MATIC) 0.38
Coinbase Polygon (MATIC) 0.2
Kraken Polygon (MATIC) 0.23
Luno Polygon (MATIC) 0.6
Bake Polygon (MATIC) 0.24
See all 24 prices
2. Choose a Polygon lender
Once you have MATIC, you'll need to choose a Polygon lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Nebeus Polygon (MATIC) Up to 13% p.a.
Coinbase Polygon (MATIC) Up to 2.91% p.a.
Gemini Polygon (MATIC) Up to 0.01% p.a.
Kucoin Polygon (MATIC) Up to 5% p.a.
See all 11 lending rates
3. Earn Polygon
Once you've chosen a platform to earn your Polygon, transfer your Polygon into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your earning platform pays compounding interest to maximise your returns.

Platform	Coin	Cost
Binance	Polygon (MATIC)	0.38
Coinbase	Polygon (MATIC)	0.2
Kraken	Polygon (MATIC)	0.23
Luno	Polygon (MATIC)	0.6
Bake	Polygon (MATIC)	0.24

Platform	Coin	Interest rate
Nebeus	Polygon (MATIC)	Up to 13% p.a.
Coinbase	Polygon (MATIC)	Up to 2.91% p.a.
Gemini	Polygon (MATIC)	Up to 0.01% p.a.
Kucoin	Polygon (MATIC)	Up to 5% p.a.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

missing en-au translation: common.latest-movements-copy

Market capitalisation: USD 864.06M
24-hour volume: USD 12.19M
Circulating supply: 1.92B MATIC

See the latest information

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